Show liT ITALIANS BACKUP BACK UP WAR lOAN LOAM lOYAllY By Dy Associated Press Preas ROME IE March larch 21 A A man must be either Ither a fool tool or a traitor to refuse to subscribe to a war loan Joan declared Prime Minister Orlando in connection with Italy's fifth loan which has brou brought ht in about The nation needs the money to carry carryon on the war and If there are enough fools and traitors among us not to subscribe then the government will wilt simply take what it H needs by high taxes The result of ot the new loan however I proved satisfactory ana and the extreme measures of unusual taxes will not have to be applied War loans have come to be quite a customary proceeding proceeding proceeding pro pro- and the Italian public has each year made new subscriptions In re response response response re- re to the advertising campaigns of the secretary of the treasury and the banks One of the features of the war loan has been the frankness of the newspapers newspapers newspapers news news- papers and particularly of Secretary of the facts Treasury Theres e no r regarding use trying financial to ni fool the public re regarding national finances he said We Ve lVe need the money We Ve Weare Weare are pa paying nearly 6 per cent Interest to get it Its It's a good investment The Italian government will wiIl always pay Its debts Its It's an international fact that It does so As far back as 1866 1666 when ft It had to offer 8 and 10 per cent in interest in- in terest It adopted the policy of standIng standing standing stand- stand Ing by Its pledges and It will alwa always s 's I Ido do so Confidence in the Italian loans have for several years been shown by the Americans living in Italy To the present the war has cost Italy about two-thirds two of or which mone money has been spent on the army or land forces and the other third on the navy Of this has been raised by war loans by taxes and about by b special treasury bonds placed principally In England and the United States for th the purpose of payIng paying payIng pay- pay Ing for war purchases |